Panama: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Panama

The Panamanian market for smoked fish other than salmon and herring amounted to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption posted a temperate expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Smoked Fish Other than Salmon and Herring in Panama

In value terms, production of smoked fish other than salmon and herring rose rapidly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a notable expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Smoked Fish Other than Salmon and Herring

Exports from Panama

In 2022, shipments abroad of smoked fish other than salmon and herring was finally on the rise to reach X kg after two years of decline. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of smoked fish other than salmon and herring rose rapidly to $X in 2022. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Suriname (X kg), Antigua and Barbuda (X kg) and Trinidad and Tobago (X kg) were the main destinations of exports of smoked fish other than salmon and herring from Panama, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Antigua and Barbuda ($X) remains the key foreign market for smoked fish other than salmon and herring exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Suriname ($X), with a X% share of total exports. It was followed by Aruba, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Antigua and Barbuda amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (X% per year) and Aruba (X% per year).

Export Prices by Country

The average export price for smoked fish other than salmon and herring stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Antigua and Barbuda ($X per ton), while the average price for exports to Suriname ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports into Panama

Imports of smoked fish other than salmon and herring into Panama expanded modestly to X kg in 2022, growing by X% on the previous year's figure. In general, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of smoked fish other than salmon and herring contracted dramatically to $X in 2022. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of smoked fish other than salmon and herring to Panama, accounting for a X% share of total imports. Moreover, imports of smoked fish other than salmon and herring from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X kg), fourfold. Brazil (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of smoked fish other than salmon and herring to Panama, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Brazil (X% per year).

Import Prices by Country

The average import price for smoked fish other than salmon and herring stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and the United States ($X per ton), while the price for Turkey ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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